Company Registration No. 12466212 (England and Wales)
IBuy Properties Limited
Unaudited accounts
for the year ended 28 February 2025
IBuy Properties Limited
Unaudited accounts
Contents
IBuy Properties Limited
Company Information
for the year ended 28 February 2025
Director
Luke Oliver Hickie
Company Number
12466212 (England and Wales)
Registered Office
13a Howden Road
London
SE25 4AS
Accountants
Evans Entwistle
Venta House
Maes-glas
Newport
NP20 2NS
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
IBuy Properties Limited
for the year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of IBuy Properties Limited for the year ended 28 February 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Venta House
Maes-glas
Newport
NP20 2NS
21 August 2025
IBuy Properties Limited
Statement of financial position
as at 28 February 2025
Investment property
193,800
95,000
Cash at bank and in hand
306
1,670
Creditors: amounts falling due within one year
(4,548)
(11,833)
Net current liabilities
(4,242)
(10,163)
Total assets less current liabilities
189,558
84,837
Creditors: amounts falling due after more than one year
(211,054)
(97,529)
Net liabilities
(21,496)
(12,692)
Called up share capital
1
1
Profit and loss account
(21,497)
(12,693)
Shareholders' funds
(21,496)
(12,692)
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 August 2025 and were signed on its behalf by
Luke Oliver Hickie
Director
Company Registration No. 12466212
IBuy Properties Limited
Notes to the Accounts
for the year ended 28 February 2025
IBuy Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12466212. The registered office is 13a Howden Road, London, SE25 4AS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
5
Average number of employees
During the year the average number of employees was 1 (2024: 1).